Sally Beauty Supply 2007 Annual Report Download - page 86
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SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
September 30, 2007 and 2006
(In thousands, except per share data)
2007
2006
Assets
Current assets:
Cash and cash equivalents $ 38,272 $ 107,571
Trade accounts receivable, less allowance for doubtful accounts of $2,564 and $2,246 at September 30,
2007 and 2006, respectively 51,409 45,462
Other receivables 22,194 21,228
Inventories 569,404 574,983
Prepaid expenses 15,639 10,255
Due from Alberto-Culver — 463
Deferred income tax assets 15,269 10,327
Total current assets 712,187 770,289
Property and equipment, net of accumulated depreciation of $215,826 and $187,089 at September 30, 2007
and 2006, respectively 154,068 142,735
Goodwill 406,623 364,693
Intangible assets, net of accumulated amortization of $11,904 and $8,195 at September 30, 2007 and 2006,
respectively 70,505 53,238
Other assets 61,120 7,886
Total assets $ 1,404,503 $ 1,338,841
Liabilities and Stockholders' (Deficit) Equity
Current liabilities:
Current maturities of long-term debt $ 17,147 $ 503
Accounts payable 176,660 176,623
Accrued expenses 153,826 114,056
Income taxes 10,369 —
Total current liabilities 358,002 291,182
Long-term debt 1,758,594 621
Other liabilities 18,828 11,953
Deferred income tax liabilities 30,240 21,590
Total liabilities 2,165,664 325,346
Stock options subject to redemption 6,549 7,528
Stockholders' (deficit) equity:
Common stock, $0.01 par value. Authorized 400,000 shares; issued 181,259 shares and outstanding
180,909 shares at September 30, 2007 1,809 —
Common stock, no par value. Authorized 1 share; issued and outstanding 1 share at September 30, 2006 — —
Additional paid-in capital 610,513 62,172
Retained (deficit) earnings (1,414,554) 927,512
Accumulated other comprehensive income—foreign currency translation 34,522 16,283
Total stockholders' (deficit) equity (767,710) 1,005,967
Total liabilities and stockholders' (deficit) equity $ 1,404,503 $ 1,338,841
See accompanying notes to consolidated financial statements.
F-4
Source: Sally Beauty Holding, 10-K, November 29, 2007